Wm
..eEPORT OF THE
■'-W^flS€AL YEARS . ENDING JUNtv30, 1923-1924
C33G N8rt
of tF)c
Knibetsiitp of i^ortfj Carolina
Collection o! i^ortf) Caroliniana
tRlfii boob toas; giben hp r^. C . \ re au^tot. jj_>o
C35U^"Vl^7+- li^y'-^V
UNIVERSITY OF N C AT CHAPEL HILL
00033968074
This BOOK may be kept out TW> WEEKS ONLY, and is subject to a firie of FIVE CENTS a day thereafter. It is DUE on the DAY indicated below:
REPORT
Treasurer of North Carolina
FISCAL YEARS ENDING JUNE 30, 1923-1924
G^^^^^^^^iD
RALEIGH
Capital Printing Company
state printers
1925
Digitized by the Internet Arciiive
in 2011 with funding from
Ensuring Democracy through Digital Access (NC-LSTA)
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CONTENTS
PAGE
Letter of transmittal 5
Consolidated Treasury statement 7
Receipts:
Fiscal year ending June 30, 1923 8
Fiscal year ending June 30, 1924 10
Dif^ursements:
Fiscal year ending June 30, 1923 13
Fiscal year ending June 30, 1924 19
State Debt 25
Sinking Funds 27
State stock investments 27
STATE OF NORTH CAROLINA
TREASURY DEPARTMENT
RALEIGH
LETTER OF TRANSMITTAL
Governor Cameron Morrison,
Raleigh, N. C.
Sir: — Transmitted herewith is the report of the operation of the State Treasury for the fiscal years ending June 30, 1923-1924.
Under the appropriation Laws of 1917-1919 and Special Legislative Act 1920, $1,000,000 excess building appropriations were made over special fund provision and payment had to be made from the general fund coming into the Treasury during the past four years, and should not be considered as an expense of government. In like manner a defi- cit of $710,000 in 1919-1920 public school taxes were met. In my opinion, the Legislature should care for these two amounts by short- term funding bonds. The State is building a public road in Madison County out of the general fund, special act of the Legislature, which is mounting up rapidly, and I am not in a position to say what the ulti- mate cost may be. It should be understood that appropriations made must be paid, and, when special funds are not provided, the liability falls upon the general fund, as there is no other resource.
Kespectfully submitted,
B. E.. Lact,
State Treasurer.
CONSOLIDATED TREASURY STATEMENT
RECEIPTS AND DISBURSEMENTS Fob Fiscal Years Ending June 30, 1923 and 1924
RECEIPTS Balances July 1, 1922:
General and Special funds $ 5,372,887.15
Partial payments from counties 918,269.70
Board of Education 70,482.64
■ $ 6,361,639.49
Fiscal Year ending June 30, 1923 :
General Fund $ 7,678,042.18
Special Fund 8,730,032.62
Federal Fund 488,815.79
Board of Education 245,274.89
$ 17,142,165.48
Bond sales 26,373,000.00
Note sales 16,638,744.00
60,153,909.48
Fiscal Year ending JunS 30, 1924 :
General Fund $ 9,174,493.75
Special Fund 12,457,586.22
Federal Fund 458,132.03
Board of Education 248,163.89
$ 22,338,375.89
Bond sales 15,649,000.00
Note sales 32,325,000.00
70,312,375.89
$ 136,827,924.86 DISBURSEMENTS
For Fiscal Year ending June 30, 1923 :
General Fund $ 8,547,492.50
Special Fund 34,535,936.94
Federal Fund 488,836.97
Board of Education 277,204.02
$ 43,849,470.43
Notes paid 7,761,744.00
$ 51,611,214.43
For Fiscal Yeab ending June 30, 1924:
General Fund .$ 11,230,129.35
Special Fund 45,364,092.19
Federal Fund 447,835.01
Board of Education 265,561.07
$ 57,307,617.62
Notes paid 20,085,598.08
77,393,215.70
129,004,430.13
Balance June 30, 1924 : ^ 7,823 494.73
RECEIPTS AND DISBURSEMENTS
For Fiscal Years Ending June 30, 1923 and 1924
RECEIPTS Balances July 1, 1922:
General and Special funds $ 5,372,887.15
Partial payments from counties 918,269.70
Board of Education 70,482.64
$ 6,361,639.49
Fiscal Year ending June 30, 1923 :
General Fund —
Auditor's Department :
County auditing, refund $ 19,201.16
Books, sale of :
Laws and Journals $ 6,341.52
Supreme Court Reports 10,127.45
16,468.97
Fees and Seal Tax :
Attorney General Dept $ 1,059.53
Executive Department 5,476.50
Executive Department Seals.. 4,472.75
Insurance Department 12,130.47
State Department 2,426.10
State Department Seals 1,119.95
Treasury Department 478.50
27,163.80
Inheritance Tax :
State Revenue Department 335,799.26
Income Tax :
State Revenue Department 3,570,831.98
Interest :
Bank balances $ 251,257.10
Accrued on bond sales 40,760.80
Emergency Loan Fund 17,166.35
309,184.25
Licenses and Privileges :
Automobile dealers' licenses....$ 16,705.00
B. and L. Assn. privileges 10,379.84
Corporation tax. State Dept... 105,274.46
Corporation :^ranchise tax 1,029,581.13
Express companies privilege.. 27,310.04
Insurance companies licenses 97,222.58 Insurance companies tax on
receipts 754,039.53
Lightning rod agents 1,610.11
Mercantile agencies 250.00
Pianos, organs and talking
machines 4,183.37
Schedule B, Revenue Dept 139,960.58
Sewing machine dealers 5,384.51
Telephone companies tax on
receipts 99,325.06
Trade mark registration fees.. 111.60
2,291,337.81
Miscellaneous :
Additional taxes $ 799.43
Auto for hire tags 534.75
Bond premiums 10,000.00
Incendiary Fire Fund 6,801.39
Paper stock, sale of 15,842.82
33,978.39
Report of State Teeasuree RECEIPTS — Continued
Fiscal Year ending June 30, 1923: General Fund — continued Public Schools :
Emergency school loans ....$
Railroad dividends :
Atlantic and N. C. R. R $ 37,998.00
North Carolina Railroad 225,015.00
Refunds :
Budget Commission $ 10.00
Bonds, surety officers, clerks.. 160.18
Contingencies 35.50
Legal services and expenses.. 5,150.00
Legislature 35.20
National Guard 50.68
Pensions 1,177.65
Postage and stationery 1.25
Postage, State Department 6.52
Furniture and fixtures 35.00
Miscellaneous 4,993.20
63,245.00
263,013.00
11,655.18
315,000.00
421,163.38
Transfers to General Fund :
Oil Inspection Fund surplus..? 55,000.00 Gasoline Inspection Fund sur- plus 260,000.00
Taxes from Counties :
Partial payments
Special Fund —
Agricultural Department :
Miscellaneous taxes $ 407,186.39
Gasoline inspection 321,424.74
Oil inspection 91,615.26
$
Civil engineers and land surveyors
Fire Loss :
East Carolina Teachers Col $ 2,572.82
Home and Industrial School for
Girls and Women 12,500.00
University of N. C 546.25
Interest :
Highway Serial Bonds, 4%
per cent $ 100,000.00
Highway Construction Bonds 1,027,630.00 State Public School Building
Fund Bonds, 4% per cent.... 12,962.50
1,140,592.50
Laboratory of Hygiene 32,900.14
Miscellaneous :
Audubon Society $ 1,417.85
Bank examinations 52,314.47
Board Public Welfare 1,888.60
Child Welfare Commission 1,045.22
Fisheries Commission 33,175.99
Land title, assurance of 1,098.55
N. C. Library Commission 250.20
Soldiers Home, E. Blackwood
Fund 5,000.00
96,190.88
-$ 7,678,042.18
820,226.39 8,016.50
15,619.07
10
Report of State Teeasurer RECEIPTS— Continued
Fiscal Yeab ending June 30, 1923 : Special Fund — continued
N. C. State Board of Health $ 89.576.55
Public Schools :
Building Fund, principal $ 49,200.00
Special Building Fund, int 150,261.73
Coupon interest, transfer 112,500.00
311,961.73
Refunds :
Vocational Education $ 556.87
Teacher Training 10.00
566.87
State Highway Fund :
Expense Secretary of State.... $ 516,673.97 Highway maintenance 4,839,336.56 '
' 5,356,010.53
State Library :
Sale of books 1.402.39
State's Prison 521,378.57
State Public School Fund:
Miscellaneous 15,644.86
State Warehouse System:
Warehouse loans $ 22,744.25
Bonds and miscellaneous 266,297.10
Supervision 30,904.29
319,945.64
$ 8,730,032.62
Federal Funds —
Forest Reserve $ 7,558.96
N. C. State A. and E. College.... 290,856.06
N. C. Board of Health 31,344.89
Negro A. and T. College 16,500.00
Vocational Education 142,555.88
488,815.79
Board of Education 245,274.89
Total year's fund receipts $ 17,142,165.48
Bond Sales :
Educational and institutional
41/2 per cent $ 3,373,000.00
Special School Building 4%
per cent 4,000,000.00
State Highway Serial iVz per cent 19,000,000.00
26,373,000.00
Notes Payable :
Public school appropriation....$ 1,800,000.00
Supt. Public Instr., printing.. 5,744.00
CasweU Training School 33,000.00
State Highway road constr 13,800,000.00
Institutional building 1,000,000.00
16,638,744.00
-$ 60,153,909.48
Report of State Treasurer ll
RECEIPTS — Continued
Fiscal Year ending June 30, 1924: General Fund —
Additional State taxes $ 8,729.93
Automobile for hire tags 18.50
Automobile dealers' licenses 120.00
Board of Elections 2,779.73
Delinquent taxes 43,934.62
Express companies' privileges 4,701.98
Executive Department :
Fees $ 6,799.50
Seal tax 5,725.25
12,524.75
Gasoline inspection transfer sur- plus 324,500.00
Interest on bank balances 314,236.77
Insurance Commissioner :
B. and L. Assn's privilege $ 13,374.23
Fees 9,612.20
Incendiary fire fund surplus.. 7,521.54
Lightning rod agents 1,698.31
Licenses, miscellaneous 105,754.91
Taxes, miscellaneous 835,152.15
973,113.34
Interest accrued :
4^/^ per cent Institution build- ing bonds $ 26,645.62
4% per cent Institution build- ing bonds 79,936.89
106,582.51
Interest, advances and accrued on notes 405,115.27
Oil Inspection Fund, surplus transfer 60,000.00
Paper stock, sale of „ 10,105.43
Partial Payments from Counties :
Miscellaneous $ 91,946.65
Marriage licenses 1,495.55
|
Public Schools, Emergency Loan: Principal $ |
63,602.00 11,554.68 |
93,442.20 |
|
Interest |
||
|
75,156.68 259,846.50 |
||
|
Railroad Dividends : Atlantic and N. C $ North Carolina |
34,831.50 225,015.00 |
|
|
Refunds : Fugitives from justice $ |
121.68 225.00 1,800.05 125.00 758.88 |
|
|
Legal services and expenses.... Pensions Postage and stationery |
||
|
3,030.61 |
||
|
State Department: Corporation tax $ |
116,104.87 1,053.49 5,374.31 5.80 508.50 8,658.21 96.20 |
|
|
Fees Laws and Journals, sale of.... Postage Seal tax Supreme Court Reports, sale of |
||
|
Trade mark registration fees |
131,801.38 |
12
Repokt of State Tkeasukee RECEIPTS— Continued
Fiscal Year ending June 30, 1924: General Fund — continued
State Department of Revenue :
Inheritance tax
Income tax
Schedule "B" taxes.. Schedule "C" taxes..
459,900.54
4,431,925.82
441,001.69
988,714.74
Sale of old scrap material
State Treasury fees
Telephone companies' tax on receipts..
Special Fund —
Agricultural Department :
Miscellaneous
Gasoline inspection
Oil inspection
412,862.04
364,399.47
90,619.36
Automobile theft fund
Agricultural building annex
Audubon Society
Bank examination fees
Board of Charities and Public Welfare..
Child Welfare Commission
Civil engineers and land surveyors
Fire Loss :
E. C. Teachers College $
N. C. Tuberculosis Sanatorium
University of N. C
Home and Ind. School for Girls
150.00
5,602.77
1,549.37
92.96
Interest, Highway Bonds transfer :
4% per cent Serial Construc- tion $ 1,159,218.75
4% per cent Serial Construc- tion 89,062.50
5 per cent Serial Construction 213,005.00
Interest accrued :
4% per cent Serial Construc- tion bonds $ 22,031.25
4% per cent Serial Construc- tion bonds 4,453.13
Fisheries Commission
Laboratory of Hygiene
Land titles, assurance of
N. C. Board of Health
N. C. Library Commission
Sinking Funds :
Pub. Sch. Spec. Bldg Bonds....$ 459,148.54
State Highway Const. Bonds.... 360,087.50
Educ. and Institution Bonds.... 188,000.0,0
6,321,542.79
468.05
492.00
22,250.71
-$ 9,174,493.75
867,880.87
124,063.91
12,000.00
1,042.50
46,900.21
141.03
48.85
3,696.50
7,395.10
1,461,286.25
26,484.38 33,181.59 24,246.53
102.62 111,994.87
297.75
1,007,236.04
Report of State Teeasurek 13
RECEIPTS— Continued
Fiscal Year ending June 30, 1924: Special Fund — continued
Public School special building bond interest
transfer $ 225,000.00
State Library 60.91
State Public School fund 32,846.05
State Hughway Funds :
Automobile license $ 8,748,742.85
Gasoline tax 3,594,099.19
7,342,842.04 "^
State Highway Funds, transfer surplus ex- pense Secretary State 300,000.00
State's Prison 703,708.92
State Warehouse System :
Principal $ 44,275.00
Supervision 80,854.30
125,129.30
$ 12,457,586.22
Federal Fund —
Forest Reserve $ 8,410.63
N. C. Board of Health 10,296.42
Negro A. and. T. College 16,500.00
N. C. State College A. and E.... 290,856.06
Vocational Education 132,068.92
■ 458,132.03
Board of Education:
Entries vacant land $ 1,734.61
Loans for building school- houses 234,594.78
Swamp land, sale of 11,834.50
248,163.89
Total year's bond receipts $ 22,338,375.89
Bond Sales : 4% per cent Institutional
Building $ 3,049,000.00
4% per cent Institutional
Building 7,100,000.00
4% per cent Fish and Oyster
Propagation 500,000.00
$ 10,649,000.00
4V2 per cent State Highway
Construction $ 1,250,000.00
4% per cent State Highway
Construction 3,750,000.00
5,000,000.00
15,649,000.00
Note sales 32,325,000.00
$ 70,312,375.89
$ 136,827.924.86
14 Report of State Tkeasueer
DISBURSEMENTS
Fob Fiscal Years Ending June 30, 1923 and 1924
Fiscal Yeiar ending June 30, 1923 :
General Fund —
Agricultural Society $ 3,500.00
Auditor's Department :
Salaries ....$ 20,450.66
Miscellaneous 5,033.02
County and institution audit- ing 37,423.85
Special auditing 94,916.30
157,823.83
Auditing, Special Legislative
Committee 34,610.98
Board Charities and Public Welfare :
Salaries $ 19,277.21
Miscellaneous 4,921.95
24,199.16
Bank investigations „ „ 555.50
Board of Elections :
Salaries $ 3,714.95
Miscellaneous 2,332.05
6,047.00
Bonds, expense of sale 40,365.05
Bonds, security of clerks 1,045.73
Bureau Labor and Printing :
Salaries $ 12,783.37
Miscellaneous 2,215.97
Salaries, employment service.. 7,468.33
Miscellaneous, employment
service 2,395.70
24,863.37
Capital punishment , 460.62
Capitol Square 899.14
Caswell Training School 80,000.00
Child Welfare Commission :
Salaries $ 6,737.92
Miscellaneous 3,158.06
9,895.98
Confederate Women's Home 7,500.00
Contingencies 856.56
Convicts 6,237.06
Department of Education :
Salaries $ 24,522.33
Miscellaneous 22,278.23
Traveling expenses 2,231.27
Division Certification, salaries 12,669.98
Division Certification, miscel- laneous 319.93
Division Adult _Illi.teracyj. sal- aries 600.00
Division Adult Illiteracy, mis- cellaneous 3,747.70
Division Publicity, salaries 2,647.22
Division Negro Education, sal- aries 13,784.63
Division Negro Education,
miscellaneous 5,989.06
Report of State Teeasuker 15
DISBURSEMENTS— Continued
Fiscal Year ending June 30, 1923 : General Fund — continued Department of Education :
Division Teacher Training,
salaries $ 14,710.45
Division Teacher Training,
miscellaneous 9,136.89
Division School Extension, sal- aries 2,615.56
Division School Extension,
miscellaneous 9,149.16
$ 124,402.41
N. C. Teachers College 105,000.00
Executive Department :
Salaries $ 15,666.72
Miscellaneous 1,818.89
17,485.61
Fisheries Commission 88.50
Freight, express, and drayage 374.83
Fuel, lights, and water 15,629.63
Fugitives from justice 6,969.24
Funeral J. B. Grimes 569.40
Furniture and fixtures 831.09
Governor's Mansion and grounds 19,205.10
Historical Commission :
Salaries $ 26,234.41
Miscellaneous 2,846.75
29,081.16
Inheritance tax refund 15,100.25
Insurance ^tate property 70,891.34
Indigent pupils 12,193.55
Insurance Department:
Salaries $ 28,959.68
Miscellaneous 8,175.98
Postage and stationery 10.79
37,146.45
Interest :
Special notes $ 327,526.94
4 per cent Miscellaneous Bonds 299,400.00
5 per cent State Funding
Bonds 388,775.00
4% per cent Institutional
Building Bonds 6,097.50
5 per cent Institutional Build- ing Bonds 20,200.00
1,041,999.44
Judiciary 216,113.12
Laborers' pay roll 41,218.58
Laboratory of Hygiene :
Salaries $ 40,022.61
Miscellaneous 19,457.85
59,480.46
Legal services and expenses 30,815.58
Legislature 113,441.42
16 Report of State Tkeasubee DISBURSEMENTS— CoNTiNtJED
Fiscal Year ending June 30, 1923 : General Fund — continued
Legislative special committees :
Atlantic and Western R. R $ 234.25
Budget Committee 1,258.54
Examining Legislative 116.80
Sanatorium Investigation 647.85
Ship and Water Commission.. 1,925.72 Special Commission, Sale R. R.
Stock 500.00
School Tax Commission 1,677.55
Land Tenancy Commission 1,348.31
$ 7,709.02
Mordecai Building 127.65
Moore's Creek Battle Ground Association 500.00
National Guard :
Adjutant General salary $ 4,875.00
Miscellaneous 118,582.70
N. C. Library Commission :
Salaries $ 8.252.75
Miscellaneous 9,599.37
123,457.70
17,852.12
N. C. Corporation Commission :
Salaries $ 40,554.25
Miscellaneous 17,530.63
Postage and stationery 229.91
58,314.79
N. C. College A. and E 408,500.00
N. C. College for Women 360,000.00
N. C. Firemen's Association 2,500.00
N. C. Room Confederate Museum 516.67
N. C. School Deaf 100,833.33
N. C. School Deaf and Blind 131,200.00
N. C. State Board of Health:
Salaries $ 139,764.73
Miscellaneous 93,180.22
Postage and stationery 344.22
233,289.17
Negro A. and T. College 61,000.00
N. C. Tuberculosis Sanatorium 91,050.58
Notes payable discount premium 50,000.00
Orthopedic Hospital 36,999.96
Oxford Orphan Asylum, white > 30,000.00
Oxford Orphanage, colored 20,000.04
Paper account 43,165.64
Postage and stationery 2,501.90
Public buildings and grounds 15,012.67
Public printing 132,040.78
Pensions :
J. M. Costner, special $ 75.00
T. J. Jarvis, memorial 1,950.00
Soldiers and widovifs 982,847.50
Disabled soldiers 20,345.00
Inmates Soldiers' Home 1,275.00
1,006,492.50
Report of State Treasurer DISBURSEMENTS— Continued
17
Fiscal Year ending June 30, 1923:
General Fund — continued Relief :
Mrs. Ella Murphy $
Jas. M. Prevett
A. D. Watts
2,500.00
65.70
5,795.27
Rental private property
Settling State taxes
Soldiers' Home
State Geological Survey
State Hospital, Goldsboro
State Hospital, Morganton
State Hospital, Raleigh
State Home Industrial School Girls and Women
State Library :
Salaries $ 7,653.34
Miscellaneous 3,883.47
Contingencies 840.59
State Department :
Salaries
Miscellaneous
Postage and stationery..
21,470.92
3,134.63
60.00
State Cooperative Purchasing Committee.. State's Prison Sunday school
State Public School Fund.... State Revenue Department :
Salaries
Miscellaneous
Postage and stationery
109,858.35
35,349.12
130.00
Supreme Court Reports :
Printing
Reprint
12,121.74 9,507.94
Supreme Court contingencies
Superintendent Public Buildings and Grounds
State public schools, farm-life
Stonewall Jackson Training School
Taxes refunded
Telephone and telegraph
Treasury Department :
Salaries $ 23,468.00
Miscellaneous ' ' 3,873.02
Tuberculous cattle
University of North Carolina.. Uniforms certain employees.... Weights and measures
Special Fund —
Agricultural Department :
Salaries
Miscellaneous
Gasoline inspection
Oil inspection
198,927.51
187,776.02
296,079.44
83,191.02
8,360.97
7,430.09
6.00
45,250.00
35,146.90
195,000.00
354,166.67
335,341.23
100,475.24
12,377.40
24,665.55
1,308.74
100.00
1,337,840.73
21,629.68 2,092.19 2,708.37
22,169.61
100,757.00
8,303.70
10,409.30
27,341.02
17,288.61
440,000.00
1,916.00
108.37
-$ 8,547,492.50
765,973.99
18 Report of State Teeasuber
DISBURSEMENTS— Continued
Fiscal Yeab ending June 30, 1923 : Special Fund — continued
Audubon Society $ 2,191.15
Board of Charities and Public Welfare 1,888.60
Bank Examinations :
Salaries $ 32,373.35
Miscellaneous 16,883.66
49,257.01
Building Funds:
Appalachian Training School..$ 55,000.00
CuUowhee Normal 165,000.00
Agricultural Department 295,000.00
Caswell Training School 35,000.00
Cherokee Indian Normal 35,000.00
East Carolina Teachers College 294,631.35
N. C. School Deaf, Morganton 1,500.00 N. C. School Deaf and Blind,
Raleigh 178,000.00
N. C. College A. and E 280,000.00
N. C. College for Women 252,168.00
Negro A. and T. College 150,000.00
Negro Normal Schools 139,861.84
N. C. Tuberculosis Sanatorium 199,500.00
State Hospital, Goldsboro 169,000.00
State Hospital, Morganton 225,000.00
State Hospital, Raleigh 71,000.00
State Home Industrial School
Girls and Women 67,068.38
Stonewall Jackson Training
School 36,709.56
University of North Carolina 610,000.00
. 3,259,439.13
Caswell Training School 33,000.00
Child Welfare Commission 1,927.81
Civil Engineers and Land Surveyors :
Salaries $ 864.09
Miscellaneous 4,359.69
— ■ 5,223.78
Fire Loss :
East Carolina Teachers Col- lege ; $ 2,572.82
State Home Industrial School
for Girls and Women 12,500.00
University of North Carolina 546.25
15,619.07
Fisheries Commission 108,175.99
Interest :
4V2 per cent Highway Serial B
Bonds $ 554,297.50
5 per cent Highway Serial
Bonds 242,835.00
4^2 per cent Public School
Special Building Bonds 112,500.00
iVz per cent Public School
Special Building Bonds 105,682.50
1,015,315.00
Laboratory of Hygiene 25,973.53
N. C. Library Commission 250.20
N. C. State Board of Health 70,426.72
Public School Special Building Fund 3,967,536.14
Soldiers' Home, Eli Blackwood Fund 5,000.00
Report of State Treasueer 19
DISBURSEMENTS— Continued
Fiscal Year ending June 30, 1923 : Special Fund — continued State Highway Fund :
Expense Secretary State $ 116,483.46
Expense Secretary of State, transfer to Highway Main- tenance 250,000.00
Highway Maintenance _ 4,839,336.56
Highway Construction 19,000,000.00
$ 24,205,820.02
State's Prison 515,565.78
State Public Schools 15,644.86
State Warehouse System :
Warehouse loans $ 176,225.24
Fire loss 263,822.42
Supervision, salaries 11,801.41
Supervision, miscellaneous .... 19,302.22
471,151.29
Vocational Education refund 556.87
$ 34,535,936.94
Federal Fund —
Forest Reserve Fund $ 7,580.14
N. C. College A. and E 260,856.06
N. C. College A. and E. Experi- ment Station 30,000.00
N. C. State Board of Health 31,344.89
Negro A. and T. College 16,500.00
Vocational Education 142,555.88
Board of Education :
Salaries $ 1,083.64
Swamp lands 3,168.17
School loans 272,952.21
488,836.97
277,204.02
Total year's fund disbursements $ 43,849,470.43
Notes paid 7,761,744.00
-$ 51,611,214.43
For Fiscal Year ending Junh 30, 1924: General Fund —
Agricultural societies $ 3,200.00
Auditor's Department :
Salaries $ 20,824.97
County and inst. auditing 45,106.49
Special auditing 42,927.10
Miscellaneous 3,141.52
112,000.08
Auditing, Special Legislative Committee 8,879.69
Bennett Memorial 50.00
Board of Charities and Public Welfare :
Salaries $ 23,268.49
Miscellaneous 6,486.44
Mothers' aid 5,425.50
Board of Elections :
Salaries $ 2,370.99
Miscellaneous 1,012.32
35,180.43
3,383.31
20
Repokt of State Teeasurer DISBURSEMENTS— Continued
For Fiscal Year ending June 30, 1924 : General Fund — continued Bonds Paid :
4 per cent Education and
Charitable $ 99,000.00
Old compromise 300.00
$ 99,300.00
Bonds, expense of sale 31,675.26
Bond premiums, officers and clerks 1,230.00
Madison County convict road work 14,895.72
Bureau Labor and Printing :
Salaries $ 12,609.44
Miscellaneous 153.17
Employment service 11,535.09
24,297.70
Capital punishment 33.74
Capitol Square 49.95
Caswell Training School 146,000.00
Child Welfare Commission :
Salaries $ 13,764.94
Miscellaneous 5,905.02
19,669.96
Confederate Women's Home 12,500.00
Convicts, conveying to prison 6,704.28
Department of Education :
Division Public Instruction $ 19,300.59
Division Certification and Fi- nance 20,692.06
Division High School Inspec- tion 1,000.00
Division Negro Education 18,127.06
Division Organization and Civ- ics 30,344.66
Division Publications 3,571.71
Division Teacher Training 31,447.37
Text-Book Commission 158.38
124,641.83
Farm-life schools 4,931.80
Public schools 1,872,879.23
East Carolina Teachers College 124,999.96
Executive Department 17,432.11
Freight and drayage 7.92
Flowers, funeral Judge Walker 50.75
Fuel, lights, and water 12,545.00
Fugitives from justice 8,676.05
Governor's Mansion and grounds 22,068.62
Historical Commission 26,954.20
Inheritance tax refund 15,433.71
Indigent pupils 11,172.38
Insuring State property 42,567.40
Insurance Department:
Salaries $ 25,667.91
Miscellaneous 6,952.51
32,620.42
Report of State Treasurer DISBURSEMENTS— Continued
21
For Fiscal Year ending June 30, 1924 :
General Fund — continued Interest :
Note interest $
Bonds, 4 per cent
Bonds, 5 per cent Refunding Bonds, 4% per cent Building
and Improvement
Bonds, 4% per cent Building
and Improvement
Bonds, 4% per cent Fish and
Oyster Propagation
Bonds, 5 per cent Building and
Improvement
Judiciary
Laborers' pay roll
Laboratory of Hygiene
Laws and Journals
Legal services and expenses
Legislature
Legislative Committees :
Special Examining $
Land Tenancy
A. and W. N. C. Railroad
Ship and Water Transporta- tion
Tuberculosis Sanatorium
Moore's Creek Battle Ground. National Guard :
Adjutant General's salary
Appropriation
Special
N. C. Library Commission :
Salaries
Miscellaneous
N. C. Corporation Commission :
Salaries
Rates
Miscellaneous
841,173.32 297,666.00 227,300.00
183,622.50
166,582.50
11,875.00
1,723.32
4,498.60
48,247.54
12,802.10 2,300.74
4,500.00
120,000.00
14,868.33
15,417.01
11,764.85
37,272.01 1,041.67 5,734.53
N. C. School for Deaf, Morganton
N. C. School for Deaf and Blind, Raleigh
N. C. School for Deaf and Blind, University
students
Negro A. and T. College, Greensboro
N. C. State College A. and E., Raleigh
N. C. College for Women
N. C. Tuberculosis Sanatorium
N. C. Firemen's Association
Orthopaedic Hospital
Oxford Orphan Asylum
Oxford Orphanage (colored)
Paper for public printers
1,872,259.32
208,673.02
42,964.93
70,178.68
3,013.95
23,672.15
168.90
69,572.30 500.00
139,368.33
27,181.86
44,048.21 121,140.56 129,999.99
1,200.00
55,000.00
522,500.00
348,333.26
155,000.00
2,500.00
65,000.04
30,000.00
34,999.89
52,559.34
22 Report of State Treasueee
DISBURSEMENTS— Continued
For Fiscal Year ending June 30, 1924: General Fund — continued Pensions :
Soldiers and widows $ 944,655.75
Costner, J. M 300.00
Jarvis, Mrs. T. J 1,050.00
Simpson, John A 1,300.00
Disabled soldiers 15,840.00
Soldiers' Home inmates 1,176.00
$ 964,321.75
Postage and stationery 153.01
Public Buildings and Grounds :
Repairs to Capitol $ 64,444.86
Miscellaneous 22,294.49
Salary of Superintendent 2,500.00
89,239.35
Public printing 111,214.12
Rental of private property 6,390.71
Settling State taxes 853.40
Sinking Funds :
Educational and Institution Bonds 188,000.00
Soldiers' Home 67,250.00
State Library :
Salaries $ 6,914.92
Miscellaneous 5,274.24
State Department :
Salaries $ 18,690.00
Miscellaneous 2,830.50
12,189.16
21,520.50
State Department of Revenue :
Salaries $ 150,376.39
Miscellaneous 21,294.18
171,670.57
State's Prison 123,000.00
State Geological Survey 57,000.00
Supreme Court contingencies 5,454.36
Supreme Court Reports :
Printing of $ 6,151.84
Reprinting 4,648.10
10,699.94
State Hospital, Goldsboro 260,000.00
State Hospital, Morganton 445,000.00
State Hospital, Raleigh 484,302.09.-
State. Home and Industrial School for Girls.... 102,699.97
Stonewall Jackson Training School 120,000.00
Treasury Department:
Salaries $ 23,490.01
Miscellaneous 4,264.18
27,754.19
Taxes refunded 5,949.57
Telephone exchange 10,251.06
Tick eradication „ 47,552.69
Tubercular cattle 10,218.74
University of North Carolina 635,833.26
Uniforms for certain employees 2,075.00
Weights and measures 91.63
Report of State Treasurer 23
DISBURSEMENTS— CoxTiNL-ED
For Fiscal Year ending June 30, 1924 : General Fund — continued State Board of Health:
. Salaries $ 278,679.29
Miscellaneous 114,895.03
$ 393,574.32
$ 11,230,129.35
Special Fund —
Agricultural Department :
Salaries $ 280,259.04
Miscellaneous 98,414.07
Gasoline inspection 365.434.25
Oil inspection 89,915.57
$ 834,022.93
Automobile Theft Fund .,_. 7,867.14
Bank Examinations :
Salaries $ 38,734.34
Miscellaneous 8,323.70
■ 47,058.04
Building Funds :
Appalachian Training School..? 203,500.00
Cullowhee Normal School 240,000.00
Agricultural Department 73,000.00
Agricultural Dept. annex 114,442.23
Caswell Training School 270,000.00
Cherokee Indian Normal Sch... 37,000.00 Cherokee Indian School of
Robeson County 30,000.00
East Carolina Teachers College 855,000.00 N. C. School for Deaf, Mor-
ganton 46,000.00
N. C. School for Deaf and
Blind, Raleigh 295,500.00
N. C. State College A. and E... 360,000.00
Negro A. and T. College 314,000.00
Elizabeth City Normal School
(colored) 155,000.00
Fayetteville Normal School
(colored) 100,000.00
Slater Normal School (col.).... 55,000.00
N. C. Tuberculosis Sanatorium 168,000.00
State Hospital, Goldsboro 284,000.00
State Hospital, Morganton 335,000.00
State Hospital, Raleigh 373,774.72
Home and Industrial School
for Girls 132,638.96
Stonewall Jackson Training
School 68,000.00
University of N. C 820,000.00
N. C. Library Commission 8,000.00
N. C. College for Women 500,000.00
Soldiers' Home 5,000.00
Fisheries Commission, for fish
and oyster propagation 130,000.00
Morrison Training School for
Colored Boys 32,525.30
■ 6,005,381.21
Civil Engineers and Land Surveyors 4,516.07
24 Report of State Tkeasurek
DISBURSEMENTS— Continued For Fiscal Year ending June 30, 1924 :
|
Special Fund — continued |
||
|
Fire Loss : |
||
|
East Carolina Teachers Col- |
||
|
lege $ |
150.00 |
|
|
University of N. C |
1,549.37 |
|
|
Home and Training School for |
||
|
Girls |
92.96 |
|
|
1,792.33 |
||
|
Fisheries Commission |
33,181.59 |
|
|
Interest : |
||
|
Bonds, 4% per cent Special |
||
|
School Building $ |
239,130.00 |
|
|
Bonds, 41/^ per cent Highway |
||
|
Construction |
1,088,200.00 |
|
|
Bonds, 5V^ per cent Highway |
||
|
Construction |
200,417.50 |
|
|
1,527,747.50 |
||
|
Public Schools Special Building Fund |
5,077,839.92 |
|
|
Sinking Funds : |
||
|
Ed'l and Institution Bonds $ |
186,000.00 |
|
|
Highway Bonds . |
360,000 00 |
|
|
546,000.00 |
||
|
State's Prison |
738,940.73 |
State Highway, gasoline and tag taxes :
Expense of Secretary of State..$ 350,264.86 Expense of Secretary of State,
transfer to maintenance 400,000.00
Maintenance 6,807,585.79
7,557,850.65
Road construction 22,852,990.00
State Warehouse System :
Principal $ 59,598.83
Supervision 69,305.25
128,904.08 $ 45,364,092.19
Federal Fund —
N. C. State College A. and E $ 290,856.06
Negro A. and T. College 16,500.00
Forest Reserve Fund 8,410.03
Vocational Education 132,068.92
Board of Education :
Loan Fund, clerks $ 8,536.68
Loans for building school- Houses 254,325.36
Swamp land, commissions on
sales 1,435.00
Swamp land, taxes 1,264.03
265,561.07
Total year's fund disbursements $ 57,307,617.62
Notes paid 20,085,598.08
$ 77,393,215.70
Balance June 30, 1924 7,823,494.73
$ 136,827,924.86
STATEMENT OF THE STATE DEBT
June 30, 1924
4 Per Cent State Hospitals, dated July, 1909, due July, 1949 $ 500,000
4 Per Cent Refunding, dated July, 1910, due 1950 3,430,000
4 Per Cent Administrative Building, dated July, 1911, due July, 1951 250,000
4 Per Cent School for Feeble-minded, dated July, 1911, due July, 1951 60,000
4 Per Cent Refunding, dated January, 1913, due January, 1953 550,000
4 Per Cent Improvement, dated July, 1913, due July, 1953 1,142,500
4 Per Cent Educational and Charitable Institutional Improvement
Serial, dated July, 1917 to 1920, due July, 1925 to 1938 1,468,500
4 Per Cent Caswell Training School, dated July, 1917, due July, 1927.... 75,000
4 Per Cent Training School for Girls and Women, dated July, 1917,
due July, 1927 25,000
5 Per Cent State Funding Improvement Bonds, dated February 15, 1922,
due February, 1937, 1942, 1947, 1952 4,500,000
$12,001,000
Educationai, ajsid Charitable Institution Improvement Bonds
5 Per Cent, dated July, 1921, due July, 1961 $ 3,372,000
41/2 Per Cent, dated January 1, 1922, due January, 1962 3,373,000
414 Per Cent, dated October 1, 1923, due October 1, 1963 3,049,000
4% Per Cent, dated October 1, 1923, due October 1, 1963 7,100,000
4% Per Cent, dated October 1, 1923, due October 1, 1963 500,000
17,394,000
414 Per Cent Public Schools Serial Building Bonds, dated January, 1922, due 1927
to 1947 5,000,000
Highway Construction Serial Bonds
.^
41/2 Per Cent, dated July, 1921, January, 1922 and 1923, due January
and July, 1932 to 1962 $25,000,000
5 Per Cent, dated July, 1921, due July, 1931. 1941, 1951, and 1961 4,552,600'-
4% Per Cent, dated January 1, 1923, due January, 1933 to 1937 1,250,000
4% Per Cent, dated January 1, 1923, due January, 1938 to 1952 3,750,000
4% Per Cent, dated January 1, 1924, due January 1, 1934 to 1963 10,000,000
44,552,600
Bonds Not Presented for Payment
4 Per Cent Consolidated Debt, due 1910 $ 400
6 Per Cent Construction Debt, due 1879 18,000
4 Per Cent Educational and Charitable, due July 1, 1923 1,000
19,400
Total - $78,967,000
Loans to State
3% Per Cent Notes, anticipating Highway Bond Sale, dated May 20,
1924, due February 20, 1925 $15,000,000
5 1/3 Per Cent Notes, anticipating Highway Bond sale, due September
20, 1925 5,000,000
2V2 Per Cent Notes, anticipating Highway Bond sale, dated June 23,
1924, due August 22, 1924 2,000,000
22,000,000
Total debt $100,967,000
STATE'S INVESTMENT IN RAILROAD AND TURNPIKE
COMPANIES
June 30, 1924
30,002 shares North Carolina Railroad Company stock $3,000,200
12,666 shares Atlantic and North Carolina Railroad Company stock 1,266,600
1,013.27 shares Mattamuskeet Railroad Company stock 101,327
3,060 shares Elkin and Alleghany Railroad Company stock 306,000
2,650 shares Statesville Air Line Railroad Company stock 132,400
172 shares Transcontinental Railroad Company stock 17,200
552 shares Watauga and Yadkin River Railroad Company stock 55,200
6,381 shares Wilkesboro and Jefferson Turnpike Company stock 63,810
71 shares Junaluska Turnpike Company stock 710
$ 4,943,447
SINKING FUNDS
June 30, 1924
Public School Building Bonds $ 541,139.44
Highway Construction Bonds 360,087.50
Education and Institution Bonds 188,000.00
$1,089,226.94